The White House is reportedly nearing the nomination of Mike Selig, the Chief Legal Counsel for the SEC's Crypto Task Force, as the new chairman of the Commodity Futures Trading Commission (CFTC). This move comes as the administration also reviews potential candidates for CFTC commissioner roles. Currently, the CFTC is led by Acting Chair Caroline Pham. Mike Selig brings a wealth of experience to the role, having previously served as a law clerk at the CFTC and later working in digital asset practices at prominent law firms Perkins Coie and Willkie Farr. His nomination is seen as a significant step in shaping the regulatory landscape for digital assets in the United States.